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Cashless Claims in Health Insurance: Why is it important?

, ET Spotlight|
Updated: Mar 28, 2019, 04.24 PM IST
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ET Spotlight
Cashless Claims in Health Insurance: Why is it important?
Health insurance has always been one of those few instruments that we don’t pay too much attention to. However, it is one of the most crucial investments that we make, which helps us in emergencies. While most of us look for a decent cover scheme at a nominal premium, an ideal health insurance provides several benefits that we may often overlook. The rising cost of medical care in India, combined with the hassle that some claims have made people experience, is finally making us put some serious thought into what we are opting for. So, what makes an ideal health insurance? While there are several features that your health insurance policy needs, there is one which is, hands down, the most important one – cashless claim settlement.

Why is cashless claim important?
One of the most common financial hassles that we face at hospitals is paying the fees, deposits and handling all the other lengthy paperwork that comes with any medical emergency. At a time when we would like to stay with our family and support them, we are left managing the documents and cash, which merely adds to the emotional stress. With a cashless claim, you can avoid these hassles and make the process swifter and quicker. It takes away the stress of arranging and handling cash too, which becomes especially helpful in cases of emergencies.

What is the cashless claim process?
What is the cashless claim process?
Health insurance companies like Max Bupa have made the hospitalisation process even easier with the assurance of cashless claim processing in less than 30 minutes. With their presence in all leading hospitals, Max Bupa has been a pioneer in this service. While finding a suitable hospital which offers cashless claims was once a task, the increasing inclusion of various major hospitals has made this woe disappear as well.

In addition to the cashless claims feature, there are multiple other things that you need to look for while choosing a health insurance - from the flexibility of the insurer to cover alternative treatment options to added rewards and benefits that the company is ready to provide based on no claims activities. Max Bupa also understands the need for all these requirements and their health insurance offers everything from coverage of ayurvedic, homeopathic and sidha treatments (AYUSH Treatment) to OPD expense cover and free annual health checkups as a loyalty benefits to customers.

In addition to this, there are various unique health insurance products from Max Bupa that also reward the physical fitness of the insuree. Max Bupa has truly understood what makes a health insurance ideal for the common person and has created products that cater to all these needs and much more. So do you have the ideal health insurance yet?

(This article is generated and published by ET Spotlight team. You can get in touch with them on etspotlight@timesinternet.in)
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